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Oct 31, 2012
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i think, you know, managing crisis is kind of in the genes of the city. i've highly benefited from this. people are just dedicated, committed, and, you know, they've been really saying clients first and the firm has been protected. liz: the corporate and investment north america banking ceo. thank you for coming here exclusively. your time is valuable, but it's great to hear the story from you, the chief. >> thank you for having me here. liz: update us when you move back. >> most definitely will. liz: millions still without power, much of it south of 34th street all the way down. you know, last night, times square and all the lights and anything below that? pitch black. people are stocking up on water and supplies when they can find them. after the break, oliver with what you should be stocking up in your portfolio including the company that could get a boost as the east coast remains in survival mode. ♪ follow the wings. liz: dow jones negative again, couldn't hold gains, down two points after having been down much more. had been up 81. markets minutes
i think, you know, managing crisis is kind of in the genes of the city. i've highly benefited from this. people are just dedicated, committed, and, you know, they've been really saying clients first and the firm has been protected. liz: the corporate and investment north america banking ceo. thank you for coming here exclusively. your time is valuable, but it's great to hear the story from you, the chief. >> thank you for having me here. liz: update us when you move back. >> most...
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Oct 16, 2012
10/12
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the major blowout at the top of citi group? stocks are burning hot the so is a city near. vikram pandit pushed out. the street send its approval and of the shares are back into the green. vikram pandit said he was resigning but charlie gasparino says he was ousted vikram pandit has said he is facing pressure from the board. to said there was no way this was his decision? coming up we have sheila bair live praising the city grew bored but we will ask your should city group be broken up? , a test doeth pressure? the market feels no pressure at all. off to the races with good news from europe right now we're up 111 points but look at the nasdaq charging ahead s&p 500 up more than 12. we have until. and we have the cfo. caterpillar and boeing joining at the top pushing the market higher this is a broad-based rally we have traders at the new york stock exchange and chicago mercantile exchange. yes the ceo was ousted but the broad-based raleigh, what are people talking about? >> how the averages just one week ago now the nasdaq broke through with the 50 day moving average and ha
the major blowout at the top of citi group? stocks are burning hot the so is a city near. vikram pandit pushed out. the street send its approval and of the shares are back into the green. vikram pandit said he was resigning but charlie gasparino says he was ousted vikram pandit has said he is facing pressure from the board. to said there was no way this was his decision? coming up we have sheila bair live praising the city grew bored but we will ask your should city group be broken up? , a test...
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what do you think people need to know about the city? >> i think it has had a bad representative for a long time. liz: why? because of the river that caught fire? >> cleveland, first of all, people do not realize we are on a body of water that looks like an ocean. we have island out on the lake. jimmy buffett bill is out there. you have the water. cultural arts. one of the biggest and most proud orchestras in the world. art museum. of course, the rock 'n roll hall of fame. a very small footprint which allows you to navigate the city, feel safe and do this in a very short period of time. and, it is less expensive. liz: you do a great job, terry. terry stewart who is the ceo. they call it the mistake on the lake. i call it best location in the nation. coming up, big businessmen joining us exclusively. the president of the cleveland indians. they had their last game last night. they had a great first half of the season. collapsed in the second half. what will they do next year but back this is a team that has stuck by the city and vice vers
what do you think people need to know about the city? >> i think it has had a bad representative for a long time. liz: why? because of the river that caught fire? >> cleveland, first of all, people do not realize we are on a body of water that looks like an ocean. we have island out on the lake. jimmy buffett bill is out there. you have the water. cultural arts. one of the biggest and most proud orchestras in the world. art museum. of course, the rock 'n roll hall of fame. a very...
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Oct 29, 2012
10/12
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the city crews are there on the scene. this is a dangerous situation because you head east on 57th street and many of us take this commute right in and make a right on 7th avenue and go to fox studios. it is across from other tall buildings. it is the tallest residential building currently being built in new york city. two apartments in here above the 80th floor have sold for around 50 million dollars a piece to two fashion executives. one from quebec and one from china. but at the moment right now we are keeping an eye on this situation where there is a partial crane collapse. no word of injuries right now. but obviously the winds are very high at that level. our coverage continues as sandy barrels right into new york city. fox business's robert gray joins us now from battery park. that's on lower manhattan's tip. it is one of the most vulnerable flood zones in the city. robert, how does it look there? robert: right now liz it is okay. sort of calm before the storm, if you will. surge earlier this morning over the seawall
the city crews are there on the scene. this is a dangerous situation because you head east on 57th street and many of us take this commute right in and make a right on 7th avenue and go to fox studios. it is across from other tall buildings. it is the tallest residential building currently being built in new york city. two apartments in here above the 80th floor have sold for around 50 million dollars a piece to two fashion executives. one from quebec and one from china. but at the moment right...
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even ceo of the hall of fame and take a closer look at the city's financial industry. this is the fifteenth largest bank in the nation. coming up we talked to the chairman and ceo about the landscape right now. follow the wings. liz: welcome back. this is the largest bank in cleveland and the fifteenth largest in the country. one of only two major u.s. banks with a 5-star credit rating with low interest rates. joining me now fox business exclusive is beth mooney, chairman and ceo. $87 billion in assets and stock up 43% year over year. not bad. there was a time it was not easy to be in finance. >> we certainly have been in an industry like our economy that has seen its challenges but lots of us are finding our way to navigate through this by staying focused about our clients and community. liz: it was not a profitable bank in 2008-2009. you steered it back to profitability. a lot of people would like to know how you made that happen. >> we had our share of troubles. if you think back to september of 2008 which was the real beginning of the downturn what you had to do wa
even ceo of the hall of fame and take a closer look at the city's financial industry. this is the fifteenth largest bank in the nation. coming up we talked to the chairman and ceo about the landscape right now. follow the wings. liz: welcome back. this is the largest bank in cleveland and the fifteenth largest in the country. one of only two major u.s. banks with a 5-star credit rating with low interest rates. joining me now fox business exclusive is beth mooney, chairman and ceo. $87 billion...
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to find out how the city turned itself around. we want to know. give us a preview. liz: is part of our fox business series open for business. how could cleveland not be? this is the place. i just landed and got to the ritz hotel and saw jimmy page in the elevator. i am kidding but this is the home of rock-and-roll. it is where the term rock-and-roll was coined but also where the traffic light was invented and the alkaline battery and a gas mask and electric light system. so much industry began here and so much is happening here. wait till you see what we are going to do the next two days. starting tomorrow through friday cleveland opened for business. we have got everybody in coming including we like to say he is a little bit country rock and roll. the tennessee billionaire in his first live interview he is giving as the new cleveland browns owner. can a guy with the tennessee spirit term the bad news bears' team around. we will talk about management and what to do about the coach and the president and i talked to the driver who s
to find out how the city turned itself around. we want to know. give us a preview. liz: is part of our fox business series open for business. how could cleveland not be? this is the place. i just landed and got to the ritz hotel and saw jimmy page in the elevator. i am kidding but this is the home of rock-and-roll. it is where the term rock-and-roll was coined but also where the traffic light was invented and the alkaline battery and a gas mask and electric light system. so much industry began...
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Oct 30, 2012
10/12
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you can see not only is the boardwalk, the famed boardwalk of atlantic city completely ruined but block after block after block hundreds and hundreds, and the first floor completely flooded. i am liz claman. count down to the closing bell begins right now and there is no closing bell because the new york stock exchange and the nymex and the nasdaq castillo's. the east coast trying to come back from the damage of hurricanes and the. every corner covered for you. when all is said and done it might be atlantic city that suffers the most. atlantic city underwater as presidents flooded out and that historic boardwalk which is a huge tourism focus under water in shambles. check this out. video from yesterday of the crane in midtown manhattan collapsing, simply folding like a matchstick. that happened at 3:00 p.m. monday. the crane is part of construction on a luxury condo building said to be the tallest condo skyscraper in manhattan when it is finished. 90 floors, still evacuated at this hour from the parker meridian hotel to carnegie hill apartment. the apartment in that building anywhere fr
you can see not only is the boardwalk, the famed boardwalk of atlantic city completely ruined but block after block after block hundreds and hundreds, and the first floor completely flooded. i am liz claman. count down to the closing bell begins right now and there is no closing bell because the new york stock exchange and the nymex and the nasdaq castillo's. the east coast trying to come back from the damage of hurricanes and the. every corner covered for you. when all is said and done it...
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Oct 15, 2012
10/12
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that set the tone. citi bank continued the follow through. after six straight down days, the market is going to get some sort of relief rally. i think that's what we're seeing. the retail sales were definitely additive to it but with all those pieces together, not the least of which which is after six straight days you are going to get some kind of rally. the question will be how long it holds. liz: charlie, when ben talks about china, i don't want to get too into the weeds here, but when you see the iron ore exports from other nations are now going back into china, suddenly people say wow it looks like construction is getting back into gear after falling off for a couple of months. what do you see there at the chicago merc? what is catching your eye as it pertains to that and frankly these very good retail sales numbers? >> you brought up a couple issues there, liz. in terms of the china numbers, the iron ore numbers there was i believe last week one day iron ore prices bounced about 6%. starting to see some thoughts of china coming back thi
that set the tone. citi bank continued the follow through. after six straight down days, the market is going to get some sort of relief rally. i think that's what we're seeing. the retail sales were definitely additive to it but with all those pieces together, not the least of which which is after six straight days you are going to get some kind of rally. the question will be how long it holds. liz: charlie, when ben talks about china, i don't want to get too into the weeds here, but when you...
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public of city employees, vendors, the entire investment community. it has two elements. number one, he, like mr. lambert , have some disdain for the promotional and sale orientation of big box retailer like department stores. the fact is, those strategies can work, and i . to macy's into coals as examples of two chains that do a very effective and very profitable job using the strategies. the problem is not in the strategy but in the execution of the strategy. what he has now gone, as we have seen from the-20% results, he has left his customers behind. with the get them back? i just don't know. liz: j.c. penney down 8% year-over-year. there are companies that you think are doing it right, and you have been the chief financial officer years ago. you no luxury. you're picking three luxury names. [laughter] >> yes. at some great personal risk, yes. liz: that at all. people want to hear from insiders who have been in the business. >> i will say up front, not going to name any of the two companies that touch the recent -- retail space on his border said.
public of city employees, vendors, the entire investment community. it has two elements. number one, he, like mr. lambert , have some disdain for the promotional and sale orientation of big box retailer like department stores. the fact is, those strategies can work, and i . to macy's into coals as examples of two chains that do a very effective and very profitable job using the strategies. the problem is not in the strategy but in the execution of the strategy. what he has now gone, as we have...
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Oct 12, 2012
10/12
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bill clinton was president, seinfeld was top-rated tv show and that was the last time the city of l.a. could claim an nfl team of its own. bill haas not one team that two. the raiders and the other team -- lost my place -- the rams. now larry ellison talking about buying the sports teams and then use owned by -- a move by alison to bring an nfl franchise back to los angeles and a stake in the l.a. lakers and in the n.b.a. he owns hockey teams, soccer's galaxy, 100 venues and the word is a line up like crazy now that he wants to sell. real-estate holdings, a key assets, so who might other bidders be? you have the biotech billionaire, a controversial figure is interested and made the honor of the vancouver canucks who said he might be a possible bidder cannot and ron burke who was kind enough to respond when we were texting and stopped short of admitting he would like to be involved but he does say this. basically everybody here wants the team in l.a. and you got to wonder what teams. san diego chargers might be a key possibility or maybe even moving the oakland raiders back to l.a.. >>
bill clinton was president, seinfeld was top-rated tv show and that was the last time the city of l.a. could claim an nfl team of its own. bill haas not one team that two. the raiders and the other team -- lost my place -- the rams. now larry ellison talking about buying the sports teams and then use owned by -- a move by alison to bring an nfl franchise back to los angeles and a stake in the l.a. lakers and in the n.b.a. he owns hockey teams, soccer's galaxy, 100 venues and the word is a line...
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Oct 17, 2012
10/12
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a plan to block the fbi building in new york city has been blown apart. robert: this was an undercover sting by the fbi, this one of the terrorists as he is being talked about was a middle eastern man who parked a van outside the federal reserve building and gone to the millennium hotel nearby to use a cellphone to detonate what he thought were explosives. explosives that he purchased from an undercover fbi agents. they had been working together for several months to plan this attack which turned out to be a fake attack. they met online and he thought the fbi agent was an accomplice according to what we are learning from media reports. the thick explosives did not explode and he was arrested by federal agents. the terrorist was the only one arrested that we know of. he raised red flags after posting about jihad on line and met the undercover fbi agent online as well. the plot was foiled. applaud by middle east and man, terrorist wannabe as he is being built in new york post, he parked outside near the new york federal reserve in lower manhattan, near the
a plan to block the fbi building in new york city has been blown apart. robert: this was an undercover sting by the fbi, this one of the terrorists as he is being talked about was a middle eastern man who parked a van outside the federal reserve building and gone to the millennium hotel nearby to use a cellphone to detonate what he thought were explosives. explosives that he purchased from an undercover fbi agents. they had been working together for several months to plan this attack which...
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Oct 22, 2012
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we were in front of the maserati show room in manhattan today to say that people of new york city, people all over this country, they don't like to see anyone doing business with this regime, and maserati has to ask themselves a question, do they want to make money here in america and have a real customer base here or do they want to do business in iran? they have to make a choice because they won't be able to do both. liz: in fact we have a photograph of the store front in tehran where it said maserati coming soon, but now you're telling me it is open? >> they have announced up and down the block that this is going to be a new showcase for maserati in that country. and think about this, right now maserati does about 300 million dollars worth of business in the united states. well think of the average american consumer, including someone who might be able to buy a maserati, if i walked up to them and said you know what, this same company is aiding and abetting the iranian regime, don't you think they will take their business elsewhere? >> i might say to you who does bill think he is that
we were in front of the maserati show room in manhattan today to say that people of new york city, people all over this country, they don't like to see anyone doing business with this regime, and maserati has to ask themselves a question, do they want to make money here in america and have a real customer base here or do they want to do business in iran? they have to make a choice because they won't be able to do both. liz: in fact we have a photograph of the store front in tehran where it said...
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Oct 24, 2012
10/12
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following news first reported by fox business, wall street is at odds if citi actually broke a law. charlie gasparino, what else is happening? >> this is a preliminary inquiry. i saw the differences between that and a full-fledged investigation on this. the sec goes to you and says give us the documents we want. e-mails surrounding the departure. a full-blown investigation they send you a subpoena. the reality, it is almost the same thing. all right, so what is going on? remember the sequence of events. you were questioning me about the sequence of events. did he know he was getting fired? apparently he did not know. the boord knew. 4:00 p.m. number new this would hold him adios, amigo. the next day it was publicly announced on the conference call. they have a conference call. the sec is looking at this whether they properly disclose the way the process works. and whether that last statement that was his choice violates any security laws because as you know it really wasn't his choice. i will say this, we have asked harvey pitt, major white-collar attorney, wayne state university la
following news first reported by fox business, wall street is at odds if citi actually broke a law. charlie gasparino, what else is happening? >> this is a preliminary inquiry. i saw the differences between that and a full-fledged investigation on this. the sec goes to you and says give us the documents we want. e-mails surrounding the departure. a full-blown investigation they send you a subpoena. the reality, it is almost the same thing. all right, so what is going on? remember the...
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Oct 19, 2012
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so would many large cities. remember she was talking about big, big entities in municipal bond markets. when you look at the numbers she has been wrong. muni bond defaults have been down for three years now. liz: down? >> down, the trend is down. liz: because this was a lot of news about one communnty in -- >> that happens. there are those -- a lot of specific to those areas. one in alabama, they were involved in some crazy derivatives. it wasn't just that the economy tourned sour -- turned sour..3 also point out, 0.1% of the 3.7 trillion dollars municipal bond market. also point out that the average default is approximately 30 million dollars. not massive. not big. muni defaults year to date in 2012 are 1.8 billion compared to 6.4 billion last year. okay, going down. florida expects three defaults. now, the numbers here throw in the private label bonds, often -- you know, often for a private industry that qualify for tax-exempt status so we consider them muni bonds. they do social good so they can get their tax
so would many large cities. remember she was talking about big, big entities in municipal bond markets. when you look at the numbers she has been wrong. muni bond defaults have been down for three years now. liz: down? >> down, the trend is down. liz: because this was a lot of news about one communnty in -- >> that happens. there are those -- a lot of specific to those areas. one in alabama, they were involved in some crazy derivatives. it wasn't just that the economy tourned sour...
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competition is closing on the payment devices with thousands of new york city taxis. and it started to get tough around march and you can see what is up here. april, may, june and july and is not a good time for veryphone. we had jack foresee who is the ceo and also of twitter he came on a month or two ago with howard schultz to talk about the company's global payment deal. the battle for mobile payment is big but the battle between veryphone and square heated up with mayor bloomberg spotting the credit card reader for himself recently. that is what has happened. they are now winning out on that. let's look at the dow jones industrials. we have five movers to the upside looking at chevron. seems to be pretty decent. energy is the one sector doing well in the s&p. nicole petallides at stock exchange. big downgrades affecting a lot of people's portfolio. >> look at the tech names which are on the dow jones industrial average. let's take a closer look at hewlett-packard, dell and intel. del reading from citigroup on your tax stocks is not a good day. hewlett-packard was
competition is closing on the payment devices with thousands of new york city taxis. and it started to get tough around march and you can see what is up here. april, may, june and july and is not a good time for veryphone. we had jack foresee who is the ceo and also of twitter he came on a month or two ago with howard schultz to talk about the company's global payment deal. the battle for mobile payment is big but the battle between veryphone and square heated up with mayor bloomberg spotting...